Barcelona-based savings bank La Caixa, through its industrial holding unit Criteria, has announced that it is in talks with Russian oil group Lukoil to sell its 12.5% stake in Spain’s largest integrated oil and gas group Repsol.

A private equity consortium, Iberwind, has acquired the Portuguese wind energy subsidiary majority owned by Australia’s Babcock & Brown (B&B) for more than €1.2bn. The deal represents the acquisition of over 25% of Portugal’s entire wind farm capacity and is the country’s largest ever private equity transaction. 

Uría Menéndez has represented the London branch of ING Bank in the €19m financing for Britania Investments in its acquisition of a non-controlling holding in the parent company of Spain’s Zena Group.

Grupo Tremón, one of Spain’s largest privately held real estate companies, has filed for voluntary insolvency with declared debts of around €900m.

Uría Menéndez, as part of an integrated team with Slaughter and May and Davis Polk & Wardwell, has advised Banco Santander on its one for four rights issue of new ordinary shares to raise approximately €7.2 billion.

Lisbon-based Miranda has announced a new member to the firm’s international alliance, Rio de Janeiro's Bichara Barata Costa & Rocha Advogados (BBCR).

Lisbon-based Sérvulo & Associados has announced the addition of three new lawyers to the firm’s Public Law Department, as it seeks to further reinforce the practice in line with the increasing high profile of administrative law issues in Portugal.

Portugal’s largest law firm, PLMJ, has announced that it has expanded its national network with new exclusive referral relationships with law firms in the north of Portugal and in the Azores, and is to establish a dedicated Central and European Europe platform – the first Portuguese law firm to do so.

Uría Menéndez among main legal advisers

Prisa, the world's largest Spanish language media group, has been under extreme pressure from its creditors ever since its highly priced €2bn buyout of the 50% it did not already own in Sogecable, the Spanish digital pay TV company, and its €532m takeover of Portuguese peer, Media Capital. The total debt to be serviced now stands at over €5bn.

Valencia-based Broseta has announced the addition of a team of three lawyers from Baker & McKenzie, including a new partner, in the firm’s expanding Madrid office.